IRGC navy chief: 'Ready to close Strait of Hormuz' as Iran expands Gulf drills
Iranian Admiral Tangsiri says decision rests with Tehran’s leadership, highlights 24-hour intelligence control over strategic waterway
The Financial Express
Strait of Hormuz: Jefferies warns of 13 million barrel disruption – Industry says Iran ‘must not’ block world’s oil jugular
Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day, pass through it.
What to know about the Strait of Hormuz, a key passageway essential for global energy supply
The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world’s oil passes. Tankers traveling through the strait, which is bordered in the north by Iran, carry oil and gas from Saudi Arabia, Kuwait, Iraq, Qatar, Bahrain, the UAE and Iran. Most of that oil goes to Asia.
Trump directs US agency to insure Gulf shipping, says Navy may escort oil tankers through Strait of Hormuz
United States President Donald Trump has ordered the United States Development Finance Corporation to offer political risk insurance and financial guarantees for maritime trade in the Gulf. This move aims to ensure the free flow of energy to the world.
Roughly one-fifth of the world's oil moves through the passageway
Oil prices jumped Monday as the widening war in Iran disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world's oil supply.
TradeWinds
Strait of Hormuz closure warnings sounded over ship radios, security experts say
Ship traffic in the Strait of Hormuz is facing disruption and confusion after a major US and Israeli attack on Iran and retaliatory action. US President Donald Trump launched what he called major combat operations against Iran after weeks of military buildup and posturing.